The Nigerian Naira depreciated to N1,383.5 per US dollar on Tuesday, with external reserves declining to $49.6 billion, reflecting ongoing forex market pressures and cautious trading conditions.
The Nigerian Civil Aviation Authority has detailed requirements for drone operations, including a five-phase certification process and clearance from security agencies, with penalties like fines and imprisonment for non-compliance.
The Federal Government has unveiled the OHOPRS initiative, budgeting N16 trillion to lift 50 million Nigerians out of poverty by 2030 through coordinated efforts with development partners and the private sector.
The Federal Government announces reforms to reduce middlemen dominance in livestock value chains, introducing live-weight pricing and digital tagging to stabilize prices and improve farmer incomes.
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Power Minister Adebayo Adelabu has publicly apologized for widespread electricity outages in Nigeria, citing gas pipeline issues. He announced a two-week timeline for improvements and new monitoring committees to enforce gas supply obligations.
Nigeria's Federal Government has announced a fresh 14-day timeline and targeted strategies to address persistent electricity challenges, aiming for stable power supply and 6,000MW generation by 2026.
Signature Bank has appointed Alex Alozie as its new Deputy Managing Director, bringing over 20 years of banking leadership experience from institutions like UBA, Access Bank, and Diamond Bank to drive growth and transformation.
Petroleum depots in Nigeria reduce petrol and diesel prices, undercutting Dangote Refinery's benchmarks, providing short-term relief to marketers and consumers amid market volatility.
VNL Capital reports Middle East conflict has disrupted Strait of Hormuz oil flows, causing major global supply shortfall. Higher transport costs and limited alternatives are pushing oil prices upward as market enters geopolitically sensitive phase.
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The Federal Government has initiated the phased rollout of the National Single Window, aiming to streamline trade processes, reduce delays, and enhance economic growth by integrating multiple agencies into a unified digital platform.
Afrobarometer surveys across 38 African countries reveal water access as a top concern, with rural and poor populations facing severe inequalities in safe drinking water and sanitation services.
The Nigerian Economic Summit Group calls for coordinated private sector involvement to address human capital gaps in health, education, and skills, emphasizing transparency and measurable outcomes.
A UNN professor argues converting agricultural waste into biofuels offers a sustainable solution to Nigeria's energy problems, reducing reliance on imports and cutting emissions.
The Rockefeller Foundation and Global Energy Alliance have doubled funding to over $100 million for Mission 300, aiming to connect 300 million Africans to electricity by 2030, targeting poverty reduction and clean energy.
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Pivot Energy has commissioned a new petrol station in Eket, Akwa Ibom State, aiming to relieve persistent fuel access issues and support growing economic activity in the region.
The Nigeria Employers' Consultative Association (NECA) has lauded the Federal Government for inaugurating the National Pension Commission (PenCom) Governing Board, calling it a vital move to enhance governance and transparency in Nigeria's pension sector.
Power Minister Adebayo Adelabu has publicly apologized for persistent outages, citing gas supply issues, and promises improvements in electricity supply within two weeks.
MARASSON highlights the Dangote Refinery's export success as a wake-up call for the Federal Government to act on maritime policies, warning of lost economic opportunities.
As global oil prices surge to $114 per barrel due to Middle East conflicts, Nigeria faces a paradox: high prices offer fiscal windfalls but expose deep structural weaknesses. With production below OPEC+ quotas and rising domestic fuel costs, the country m
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A new report by VNL Capital Asset Management highlights Nigeria's potential for attractive returns in 2026, driven by oil prices and reforms, despite global volatility and inflation pressures.
Nigeria's ports face severe congestion and high costs due to over 90% reliance on trucks for cargo, as weak rail and waterway links undermine trade competitiveness, experts report.
The Sea Empowerment and Research Center urges Nigeria to implement FX risk mitigation strategies for the £746 million port financing agreement with the UK, highlighting concerns over capital outflows and currency mismatch.
The International Maritime Organisation has directed member states to establish a safe framework for evacuating merchant vessels and seafarers from the Persian Gulf, condemning threats and attacks that have stranded crews, including Nigerians.
The Nigerian Navy has transferred two suspected stowaways rescued from a merchant vessel to the Nigeria Immigration Service for further investigation and legal action.
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The Centre for the Promotion of Private Enterprise opposes a proposed tax on sugar-sweetened beverages, citing economic fragility and high costs for manufacturers.
The third Saskatoon Black Business Expo, themed 'Bigger, Bolder, and Impactful,' brings together over 100 Black-owned businesses at Prairieland Park on March 28, 2026, featuring masterclasses and networking opportunities to boost economic connections.
Seven consulting firms and five individual consultants for Nigeria's national fibre project will receive $6.1 million in fees under the BRIDGE programme, a $2 billion initiative to expand broadband infrastructure nationwide.
The Lagos Chamber of Commerce and Industry expresses alarm over soaring diesel and petrol prices, urging government intervention to stabilise the market and prevent economic collapse.
Zenith Bank Plc has appointed Mr Kennedy Onuwa Okwudili as an Executive Director, effective May 1, 2026. With over 25 years of banking experience, his promotion aligns with the bank's internal leadership development strategy.
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Guinea Insurance has initiated a N5.8 billion rights issue to meet the July 31 recapitalisation deadline set by NAICOM. The company is offering 5.29 billion shares at N1.1 each to strengthen its capital base and expand services.
